diff --git a/target/i386/cpu.c b/target/i386/cpu.c
index 6083e556f5..856a8659e8 100644
--- a/target/i386/cpu.c
+++ b/target/i386/cpu.c
@@ -6275,6 +6275,7 @@ static void x86_cpu_realizefn(DeviceState *dev, Error **errp)
     CPUX86State *env = &cpu->env;
     Error *local_err = NULL;
     static bool ht_warned;
+    unsigned requested_lbr_fmt;
 
     if (cpu->apic_id == UNASSIGNED_APIC_ID) {
         error_setg(errp, "apic-id property was not initialized properly");
@@ -6292,6 +6293,42 @@ static void x86_cpu_realizefn(DeviceState *dev, Error **errp)
         goto out;
     }
 
+    /*
+     * Override env->features[FEAT_PERF_CAPABILITIES].LBR_FMT
+     * with user-provided setting.
+     */
+    if (cpu->lbr_fmt != ~PERF_CAP_LBR_FMT) {
+        if ((cpu->lbr_fmt & PERF_CAP_LBR_FMT) != cpu->lbr_fmt) {
+            error_setg(errp, "invalid lbr-fmt");
+            return;
+        }
+        env->features[FEAT_PERF_CAPABILITIES] &= ~PERF_CAP_LBR_FMT;
+        env->features[FEAT_PERF_CAPABILITIES] |= cpu->lbr_fmt;
+    }
+
+    /*
+     * vPMU LBR is supported when 1) KVM is enabled 2) Option pmu=on and
+     * 3)vPMU LBR format matches that of host setting.
+     */
+    requested_lbr_fmt =
+        env->features[FEAT_PERF_CAPABILITIES] & PERF_CAP_LBR_FMT;
+    if (requested_lbr_fmt && kvm_enabled()) {
+        uint64_t host_perf_cap =
+            x86_cpu_get_supported_feature_word(FEAT_PERF_CAPABILITIES, false);
+        unsigned host_lbr_fmt = host_perf_cap & PERF_CAP_LBR_FMT;
+
+        if (!cpu->enable_pmu) {
+            error_setg(errp, "vPMU: LBR is unsupported without pmu=on");
+            return;
+        }
+        if (requested_lbr_fmt != host_lbr_fmt) {
+            error_setg(errp, "vPMU: the lbr-fmt value (0x%x) does not match "
+                        "the host value (0x%x).",
+                        requested_lbr_fmt, host_lbr_fmt);
+            return;
+        }
+    }
+
     x86_cpu_filter_features(cpu, cpu->check_cpuid || cpu->enforce_cpuid);
 
     if (cpu->enforce_cpuid && x86_cpu_have_filtered_features(cpu)) {
@@ -6644,6 +6681,8 @@ static void x86_cpu_initfn(Object *obj)
     object_property_add_alias(obj, "sse4_2", obj, "sse4.2");
 
     object_property_add_alias(obj, "hv-apicv", obj, "hv-avic");
+    cpu->lbr_fmt = ~PERF_CAP_LBR_FMT;
+    object_property_add_alias(obj, "lbr_fmt", obj, "lbr-fmt");
 
     if (xcc->model) {
         x86_cpu_load_model(cpu, xcc->model);
@@ -6798,6 +6837,7 @@ static Property x86_cpu_properties[] = {
 #endif
     DEFINE_PROP_INT32("node-id", X86CPU, node_id, CPU_UNSET_NUMA_NODE_ID),
     DEFINE_PROP_BOOL("pmu", X86CPU, enable_pmu, false),
+    DEFINE_PROP_UINT64_CHECKMASK("lbr-fmt", X86CPU, lbr_fmt, PERF_CAP_LBR_FMT),
 
     DEFINE_PROP_UINT32("hv-spinlocks", X86CPU, hyperv_spinlock_attempts,
                        HYPERV_SPINLOCK_NEVER_NOTIFY),
diff --git a/target/i386/cpu.h b/target/i386/cpu.h
index 9661f9fbd1..6730df5dbf 100644
--- a/target/i386/cpu.h
+++ b/target/i386/cpu.h
@@ -386,6 +386,7 @@ typedef enum X86Seg {
 #define ARCH_CAP_TSX_CTRL_MSR		(1<<7)
 
 #define MSR_IA32_PERF_CAPABILITIES      0x345
+#define PERF_CAP_LBR_FMT                0x3f
 
 #define MSR_IA32_TSX_CTRL		0x122
 #define MSR_IA32_TSCDEADLINE            0x6e0
@@ -1810,6 +1811,15 @@ struct ArchCPU {
      */
     bool enable_pmu;
 
+    /*
+     * Enable LBR_FMT bits of IA32_PERF_CAPABILITIES MSR.
+     * This can't be initialized with a default because it doesn't have
+     * stable ABI support yet. It is only allowed to pass all LBR_FMT bits
+     * returned by kvm_arch_get_supported_msr_feature()(which depends on both
+     * host CPU and kernel capabilities) to the guest.
+     */
+    uint64_t lbr_fmt;
+
     /* LMCE support can be enabled/disabled via cpu option 'lmce=on/off'. It is
      * disabled by default to avoid breaking migration between QEMU with
      * different LMCE configurations.